Nigeria’s Central Bank Governor, Olayemi Cardoso, has reaffirmed the bank’s commitment to achieving macroeconomic stability and strengthening the banking sector. Speaking at a fireside chat in Lagos on September 6, 2025, Cardoso assured that the bank is dedicated to positioning Nigeria as a leading investment destination.

The recapitalisation exercise for banks is progressing well, according to Cardoso, and will result in stronger institutions capable of withstanding shocks and financing growth. He noted that while headline inflation remains elevated, it is decreasing due to collective efforts. The Central Bank’s primary objective is to maintain stability in the financial system while addressing inflation and ensuring the system is resilient enough to facilitate corporate lending and investment.

Cardoso acknowledged concerns about the impact of high lending rates on investment in Nigeria, linking it to the need for stability and lower inflation. He suggested that interest rates have substantial potential to decrease in the future as inflation declines and markets become more efficient in allocating capital.

The Central Bank’s efforts to achieve macroeconomic stability are crucial for Nigeria’s economic growth and development. A stable financial system is essential for attracting investments and promoting economic activities. The bank’s commitment to strengthening the banking sector and reducing inflation will likely have a positive impact on the economy.

As Nigeria continues to navigate its economic challenges, the Central Bank’s actions will be closely watched by investors and stakeholders. The bank’s ability to maintain stability and promote growth will be critical in determining the country’s economic trajectory. With the recapitalisation exercise underway and inflation decreasing, Nigeria may be poised for increased investment and economic activity in the coming months.